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medium incomes are lower than they were five years ago, the uncertainty of obama care, the horrific tax code, less opportunity for people to rise up. >> rick, he is criticizing something that happened under his watch. >> yeah, here's the problem that i have. first of all, and john will love hearing me say this. i'm not sure that government is a big answer. >> we are all happy to hear you say that. >> i knew you would be. but here's the problem. most people analyze this in terms of do you think obama's policies produce growth, anti-growth. growth is actually not t issue because it only matters if it's shared. if a company that's making $14 billion in profits this year makes $20 billion next year, what's the difference if they don't share the benefit? >> but john, it is kind of the issue because sometimes a rising tide lifts all boats to quote john f. kennedy, rick's favorite president. if you look at what happened under the reagan term, the lower 20% and the top 20% increased by double digits after those tax rate cuts. >> i'm one of those people who believes that income and equality is u
medium incomes are lower than they were five years ago, the uncertainty of obama care, the horrific tax code, less opportunity for people to rise up. >> rick, he is criticizing something that happened under his watch. >> yeah, here's the problem that i have. first of all, and john will love hearing me say this. i'm not sure that government is a big answer. >> we are all happy to hear you say that. >> i knew you would be. but here's the problem. most people analyze this...
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five years of obama policies have led to high elevated unemployment in the black community and frankly the republicans are perceived as not caring about minorities. what's your plan? >> the republican party should compete for every voter in every city in every state. i think we do that by bringing our message to the people who haven't been hearing it and this is a message of economic empowerment. it's also a message of school choice. if you want to get ahead in our country is through education. so many people in our big cities are being short changed by a bad school system. we want to make it better through competition, by giving every kid the choice. part of our economic freedom zones is that federal money that comes to detroit isn't going to the school system directly but to the kid and their parents and each parent will decide which school they want to take their money to. >> it's a plan that touches regulation and education as well. >> absolutely. >> obama care, all over the news recent obviously for obvious reasons. we had heard this week that fox news was reporting that senator h
five years of obama policies have led to high elevated unemployment in the black community and frankly the republicans are perceived as not caring about minorities. what's your plan? >> the republican party should compete for every voter in every city in every state. i think we do that by bringing our message to the people who haven't been hearing it and this is a message of economic empowerment. it's also a message of school choice. if you want to get ahead in our country is through...
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the obama administration spin years telling us to drive less and the tower suvs for hybrids, and we actually did it. well, not me, but other people did. now we might be getting punished thanks to a proposed tax that could raise gas prices and fill federal coffers. it is a case of the government on wild? absolutely phil flynn. my favorite economist, peter more recede. thanks to all of you for joining us. you know, so this is really driving me crazy. if you look at the stats crude oil production up 17% year-over-year. fracking like crazy. for the first time in nearly two decades we're producing more oil than we have imported. americans are driving almost 100 billion fewer miles. we have super high gas prices. we produced all of this oil and stopped driving. so prices went down. what is our report? the government will make up the difference with the tax. i can't believe it. are you as hysterical as i am? >> i am. i have a constructive suggestion we always get our tax to use the roads. we use the gas tax. back in the old days all the stars at 50 miles to the gallon. if we will tax according dama
the obama administration spin years telling us to drive less and the tower suvs for hybrids, and we actually did it. well, not me, but other people did. now we might be getting punished thanks to a proposed tax that could raise gas prices and fill federal coffers. it is a case of the government on wild? absolutely phil flynn. my favorite economist, peter more recede. thanks to all of you for joining us. you know, so this is really driving me crazy. if you look at the stats crude oil production...
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dennis: what will the need for the obama and administration and what she did? werke aig is great news. he had a bad couple of weeks with the launch but it shows the policy put in place years ago are paid dividends. where people are participating and it is good all-around heading into the holiday season where people have confidence and spent more buddy it shows we have to stay the course talking to about jobless benefits that helps to fuel the growth for people to participate and this creates more jobs. congress has to make sure it is a fragile recovery they cannot have that same sort of brings michelle to threaten to appear the debt ceiling and ready to get up a deal when we are supposed to. >> in the '80s and '90s we did not have just a tax inease of cuts but that have been dip this year that could have called is like having 400,000 jobs created because we're not in stimulus motive to do more. it was good news. >> so if we have government is shut down assembly will have a quarter reported taken off for gdp what a powerful economic engine and then we have third
dennis: what will the need for the obama and administration and what she did? werke aig is great news. he had a bad couple of weeks with the launch but it shows the policy put in place years ago are paid dividends. where people are participating and it is good all-around heading into the holiday season where people have confidence and spent more buddy it shows we have to stay the course talking to about jobless benefits that helps to fuel the growth for people to participate and this creates...
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. >> i think that the obama administration is really worried about this at this point, the fact that you will see 45 million individuals are going to have canceled policies by the end of the year and they have to be signed up by january the first. not enough people are signin up to get this process moving. so not only do they have a pr problem, but they can't even they have the ad campaigns are trying to bring in people to sign up quite frankly, you have small-business owners are very concerned, scared to death because of the mere fact that they are going to have fewer hours for a lot of the employees and it's going to impact, you know, the businesses overall. >>ou could win a million dollars, but be odds are stacked against you because you're going against the house. thank you both very much and have a wonderful weekend. >> thank you so much. neil: there is another problem with the health care lot. you're not officially signed up until you have paid up. very ew have paid anything at all. the website is not too clear about that. so come january, e last time i checked this was a few w
. >> i think that the obama administration is really worried about this at this point, the fact that you will see 45 million individuals are going to have canceled policies by the end of the year and they have to be signed up by january the first. not enough people are signin up to get this process moving. so not only do they have a pr problem, but they can't even they have the ad campaigns are trying to bring in people to sign up quite frankly, you have small-business owners are very...
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they cannot do that now because obviously obama asman in the white house for five years. the market is doing well under obama. it is not something the white house trumpets. the left is a little wary of hillary clinton. that is why there has been this chatter of elizabeth warren running for president. i don't think she will, barack obama said he would not run. the left is rising up in the fighting factions of the democratic party that were united in 2012. lou: i know it has always stood me in good stead to exit the word of any potential candid that there would not run. "aeam" in moments. we will take up the issue of this fellow strike and national walkout. take a minute, check this out on twitter. you can do so. facebook, loudobbs.com buried at next, then nothing white house and mending the president did, indeed, know something, but it was noquite what everybody though. it is complicated and has something to do with his uncle and illegal immigrants and a stunningly close relationship. we will sort it out for you collections. lou: the white house has changed his story and p
they cannot do that now because obviously obama asman in the white house for five years. the market is doing well under obama. it is not something the white house trumpets. the left is a little wary of hillary clinton. that is why there has been this chatter of elizabeth warren running for president. i don't think she will, barack obama said he would not run. the left is rising up in the fighting factions of the democratic party that were united in 2012. lou: i know it has always stood me in...
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one thing everybody found out is that the obama administration was completely unprepared, even after those 3 1/2 years, was completely unprepared for this rollout of obamacare that started october 1st. remember subsidies are supposed to start flowing on january 1st. that is less than a month away. and the system, to which they're supposed to go isn't even built yet. melissa: no. in fact i saw an ad this morning, it was playing during my kids cartoons. it was unbelievable. said, don't forget you need to sign up by december 23rd. get on the website, sign up, if you don't do it by the you won't have health care by the fist. this is ad we paid for playing on morning children's television and still the website is not done and it is not safe. there are more and more folks out there saying it is rife with fraud. that the security isn't there. byron, would you go on and enter your information at this point? would you feel safe doing that? >> i would not. this is 19 days away that we're talking about. you have to remember there is so much politics is at play here. i think any reasonable perso
one thing everybody found out is that the obama administration was completely unprepared, even after those 3 1/2 years, was completely unprepared for this rollout of obamacare that started october 1st. remember subsidies are supposed to start flowing on january 1st. that is less than a month away. and the system, to which they're supposed to go isn't even built yet. melissa: no. in fact i saw an ad this morning, it was playing during my kids cartoons. it was unbelievable. said, don't forget you...
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the awkward dynamics of president obama and president putin of russia. this is not going to go well. the u.s. government accusing russian diplomats as scamming american dollars. they don't like putin-care, but they do like obamacare. at the it's the same program that many want to expand. but they don't look at where they have been throwing them. dam, it's good to ee you. >> it's good to see you as well. >> would he make of this? >> i think that this is an example that many finally get across to people that medicaid is a failed program. do you remember the bridge to nowhere last decade and a crystallized in people's minds? i think that this story about russian diplomats mafinally get people to focus on the billions of dollars of waste a federal entitlement that should be sent back to the states, just like w did with welfare reform in the 1990s and it really is outrageous. diplomats of another country figuring that let's go ahead and american taxpayers to finance her health care costs. neil: you must tip your hat to these russians. they found a way to get
the awkward dynamics of president obama and president putin of russia. this is not going to go well. the u.s. government accusing russian diplomats as scamming american dollars. they don't like putin-care, but they do like obamacare. at the it's the same program that many want to expand. but they don't look at where they have been throwing them. dam, it's good to ee you. >> it's good to see you as well. >> would he make of this? >> i think that this is an example that many...
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the insurance companies raised premiums to almost every year. we need to let the insurance country -- company sell across state lines. and finally tonight, you know, we don't often comment on this business network about the passing of an international statesman, but nelson mandela's death today is different. the example he set in his life is a marvel to millions. lange was in prison 26 years for fighting his country's apartheid system. more than that, he forgave his jailers, his powerful example of redemption and grace was noted by president bush and obama tonight. in no wise young woman i know add this to say. i've got a lot of work to do. i do, too. that's my "2 cents more." thank you for joiniig us tonight. ♪ lou: of the nation's largest unions bankrolling in organizing a protest that they tried to promote as a fast-food working strike an attempt to double the minimum wage to a fast-food workers raising their pay to $15 an hour. tonight we will have the story of how much the liberal media decided, is certainly no better, to take the service
the insurance companies raised premiums to almost every year. we need to let the insurance country -- company sell across state lines. and finally tonight, you know, we don't often comment on this business network about the passing of an international statesman, but nelson mandela's death today is different. the example he set in his life is a marvel to millions. lange was in prison 26 years for fighting his country's apartheid system. more than that, he forgave his jailers, his powerful...
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bald and golden eagles for up to 30 years without penalty. it is called taking in the law. the change was requested by the wind energy industry whose wind farms are responsible for killing lots of thousands of birds every year, including, unfortunately, many of these eagles. and it is -- anyway, it is a terrible thing. turning now to our failing correctional system, our next guest to is here, i think, two weeksgo when we for started talking to about a system of justice that is mocking the very idea of just in proportion of punishment. your ctent -- here to continue our conversation about what has happened to the fundamental credo of lethe punishment fit the crime is a professor of criminal law at the new york law school and the author of the important book, the death the punishment. good to have you back with us. >> thank you. lou: you have spent how many hours, days. i mean, it is incredible. and to see that some of the facilities that are available to our prisoners, if we could start to s some of the video, the places, i mean, running shoes
bald and golden eagles for up to 30 years without penalty. it is called taking in the law. the change was requested by the wind energy industry whose wind farms are responsible for killing lots of thousands of birds every year, including, unfortunately, many of these eagles. and it is -- anyway, it is a terrible thing. turning now to our failing correctional system, our next guest to is here, i think, two weeksgo when we for started talking to about a system of justice that is mocking the very...
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president obama kicks off a three-week speaking campaign and starts today in washington. with an approval rating at all-time lows, today you will see a push for income equality. and there will be more damage control on obamacare, too. the left is seizing on the equality issue, demanding higher wages by legislation. the d.c. city council just approved an increase in the minimum wage to 11.50 an hour eventually, one of the highest in the nation. tomorrow, fast food workers demanding better wages, too, $15 an hour. all of this as wal-mart opens its first two stores in d.c. today. 600 people hired, more than 23,000 applied for those jobs. the d.c. city council wanted to keep wal-mart out. come january, extended jobless benefits fob for 1.3 million people expire, no more government checks. will the democrats fight to keep the money flowing? good questions. we've got other headlines. former tyco chief dennis kozlowski is in prison for improper use of money. rightly or 0 wrongly, he was the poster boy for corporate greed. and 180,000 bucks on booze, that's government. used the m
president obama kicks off a three-week speaking campaign and starts today in washington. with an approval rating at all-time lows, today you will see a push for income equality. and there will be more damage control on obamacare, too. the left is seizing on the equality issue, demanding higher wages by legislation. the d.c. city council just approved an increase in the minimum wage to 11.50 an hour eventually, one of the highest in the nation. tomorrow, fast food workers demanding better wages,...
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more than a year ago. >> are you saying that you think it is all but a done deal that he will be replaced on the ticket? >> i'm not saying that at all. i am saying that there are those inside the obama campaign were thinking maybe we should consider replacing joe biden and they did not make that decision, but they were considering it. >> there you see it. the author of "the new york times" bestseller, ed klein is with us tonight. and congratulations. that is her thick. >> thank you. the idea that this clinton campaign is starting to ratchet up. is there truth is we are hearing from some? >> i don't think it's disorganized. >> yes, think it's very organized. bill clinton had handed off the foundations being named so he could spend full time running on hillary's campaign. lining up support with labor unions and big donors and people who get out the vote. and it's going to be a massive campaign and i think that what we saw in virginia with terry mcauliffe and the negative campaign is a precursor of what the campaign will be for hillary. >> you think you will be that nasty? >> yes, i do. the
more than a year ago. >> are you saying that you think it is all but a done deal that he will be replaced on the ticket? >> i'm not saying that at all. i am saying that there are those inside the obama campaign were thinking maybe we should consider replacing joe biden and they did not make that decision, but they were considering it. >> there you see it. the author of "the new york times" bestseller, ed klein is with us tonight. and congratulations. that is her...
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one analyst says there is chance president obama could resign next year. charlie gasparino with the man who made that call next year. adam: box office where stars that don't deliver despite getting pretty big paychecks. [ male announcer ] here's a question r you: where does the united states get most of its energy? is it africa? the middle east? canada? or the u.s.? the answer is... the u.s. ♪ most of america's energy comes from right herat home. take the energy quiz. energy lives here. >> i'm dennis kneale with your fox business brief. time warner cable incoming ceo rob marcus says he is no your to sell the company. he will run it for the long haul. he would be open to selling out if the price were right. >>> new survey by the national association for business economics finds 62% of economists surveyed expect the fed's bond purchase program won't start winding down until sometime first quarter of next year. >>> new jersey transit offering a special pass for super bowl week. the pass costs $50, good for unlimited travel from january 27th to february 23rd
one analyst says there is chance president obama could resign next year. charlie gasparino with the man who made that call next year. adam: box office where stars that don't deliver despite getting pretty big paychecks. [ male announcer ] here's a question r you: where does the united states get most of its energy? is it africa? the middle east? canada? or the u.s.? the answer is... the u.s. ♪ most of america's energy comes from right herat home. take the energy quiz. energy lives here....
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president obama doesn't care about ten years from now, he cares about the next three years. is it possible that we plod along? >> he doesn't care about the next three years, does he care about his ideology and where he stands with the people that believe in that ideology, or america and the economy. and it seems he's more concerned with years from now. >> the point about natural gas, why don't we see the l and g terminals on every coast and every city. line let's export natural gas. that he is a conflicts with the ideology. stuart: we know you as a trader, we have to ask the following question. what's the worst trade you ever made. >> simple, warren buffett said what you should do when you buy stocks, go to your house and buy the companies of the things that you use every day. stuart: and charles payne said that. >> when i first got my ipod and played music never mind if i ever imagine i would be able to make a phone call from it in a few years and i bought my first ipod and running on the chicago lake front and listening to the ipod, all of my songs are on it. fantastic, an
president obama doesn't care about ten years from now, he cares about the next three years. is it possible that we plod along? >> he doesn't care about the next three years, does he care about his ideology and where he stands with the people that believe in that ideology, or america and the economy. and it seems he's more concerned with years from now. >> the point about natural gas, why don't we see the l and g terminals on every coast and every city. line let's export natural gas....
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. >> republicans in the senate had been able to block an fhfa appointment by president obama for years. ever since the rule changes the senate instituted last month, threshold then becomes 51, more% than enough democrats to accomplish that. so by the end of today, or end of this week, mel watt should be confirmed by the senate. back to you. lori: rich, how close are we to a budget deal? >> i heard a number of different iterations of close. we are hearing they're fairly close at this point we could have something either later today or tomorrow according to senior sources. >> really? >> that is true. there are a number of different definitions in washington for done deal. it is not officially done until it is completely finished. still negotiating. there was a meeting this morning between the two lead negotiators. lori: forgive my skepticism. i suppose it is understandable. >> it is. it should be. adam: thank you, rich. lori: biggest loser volcker rule edition. charlie gasparino hear with the latest. adam: somewhere between zero and 250. no, not charlie's weight. coca-cola new plan to fi
. >> republicans in the senate had been able to block an fhfa appointment by president obama for years. ever since the rule changes the senate instituted last month, threshold then becomes 51, more% than enough democrats to accomplish that. so by the end of today, or end of this week, mel watt should be confirmed by the senate. back to you. lori: rich, how close are we to a budget deal? >> i heard a number of different iterations of close. we are hearing they're fairly close at this...
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18-24 years old 265 and up. these folks see an increase of the income gap if you compare with 20 years ago with today. there are a number of reasons why. you can put it into three different categories. first is demographic. this is a different country that was years ago. if you look at the number of immigrants with enter the country. a million or so every single year. they tend to make a little bit less than the native population. secondly, increase the amount of women who are the main breadwinner's for their households. one thing worth noting here is women still make less on average than men. dennis: it brings numbers down making the gap look worse than it otherwise would be. dennis: custody question, why is it worth the widening gap among 35-44-year-olds. >> is one thing about this population. these are the folks who are just about to enter their prime earning years. i am in this group. 40s-50s earning the biggest paychecks you possibly ever will. dennis: this is when the richer guys start to take off and acce
18-24 years old 265 and up. these folks see an increase of the income gap if you compare with 20 years ago with today. there are a number of reasons why. you can put it into three different categories. first is demographic. this is a different country that was years ago. if you look at the number of immigrants with enter the country. a million or so every single year. they tend to make a little bit less than the native population. secondly, increase the amount of women who are the main...
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how does it play out over the year? >> i think they're waiting to get as many signed up as possible for the plans before they realize they are going to have to delay the individual mandate because they-- people are just not going to be able to get signed up for coverage. they're going to have to do this. they can't penalize people if they can't buy the plan. stuart: let me-- i'm sorry, i hate to interrupt you, but look, if they do delay the individual mandate, does that gut the whole process or does it-- it just puts off obamacare for a year, doesn't it? >> it does, until the 2014 election. the individual mandate is the center pole in the tent, stuart. if that's taken down, then the whole infrastructure starts to not work and they're going to have to go back to the drawing board and those dozen or so democratic senators who voted for this, who are up for reelection next year, are going to be the ones, i believe, that are going to push for change, delay giving as many people an escape hatch as possible. stuart: let's sup
how does it play out over the year? >> i think they're waiting to get as many signed up as possible for the plans before they realize they are going to have to delay the individual mandate because they-- people are just not going to be able to get signed up for coverage. they're going to have to do this. they can't penalize people if they can't buy the plan. stuart: let me-- i'm sorry, i hate to interrupt you, but look, if they do delay the individual mandate, does that gut the whole...
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[applause] cheryl: president won't back down on obamacare even if he has to fight for three more years. i am cheryl casone with dennis kneale to take you to the next hour of markets now. president obama continues his 20 day pr blitz to will americans to sign up for health care, four separate hearings on the law are underway in capitol hill. filled in greek --phil gingrey is here. david dietz is here with where to make some green coming up in our stock radar and washington d.c. raising the minimum wage at the nation's largest retailer, wal-mart, opens for business. we have the details, the backlash and the fight ahead for both. all this and more in the next hour of markets now. timing is everything between washington d.c. and walmart. this has been going on for so long and the minimum wage going up with wal-mart opened up a store. capitalism lives. dennis: so does obamacare. the president denial on how things are going. cheryl: there's deion and defiance, both active. dennis: top of the our stocks every 15 minutes, nicole petallides at stock exchange. reversing course again. we don't wa
[applause] cheryl: president won't back down on obamacare even if he has to fight for three more years. i am cheryl casone with dennis kneale to take you to the next hour of markets now. president obama continues his 20 day pr blitz to will americans to sign up for health care, four separate hearings on the law are underway in capitol hill. filled in greek --phil gingrey is here. david dietz is here with where to make some green coming up in our stock radar and washington d.c. raising the...